Amazon announced it will expand its drone delivery service to nearly 500 suburban cities across the US by the end of the year, aiming to deliver lightweight packages (up to 5 pounds) within 30 minutes. This expansion intensifies competition with Walmart, which also uses drones alongside drivers. Despite challenges like regulatory hurdles and delivery limitations, Amazon expects drones to serve 30 million customers and deliver half a billion packages by 2030. The service will be free for Prime members on orders over $50, with fees for smaller or non-member orders.
The Vanguard Growth ETF (VUG) charges a very low fee of 0.03%, costing about $3 annually on a $10,000 investment. However, the real risk lies in its heavy concentration, with over 65% of the fund invested in just ten large-cap stocks like NVIDIA, App...
IBM achieved a key milestone by linking and cooling two cryogenic modules, moving closer to a fault-tolerant quantum computer with plans for 1,000 qubits next year. Target reported strong Q2 results, surpassing earnings and sales expectations despite...
Also, a micromobility startup spun out of Rivian, has raised an additional $150 million in a Series D funding round led by Prysm Capital. The company plans to use the new capital to accelerate development of its autonomous driving technology and expa...
Amazon announced that its AI assistant, Alexa+, will be automatically available for free on all compatible Fire TV devices in the US, regardless of Prime membership. This update adds conversational search, smart home controls, and AI-driven recommend...
Amazon announced plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities by the end of 2026, increasing its current reach sixfold. The expansion includes launching in 11 new locations soon, despite past drone incidents, with a ...
